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Finance
Morgan Stanley OpenAI-powered assistant to roll out for wealth advisors
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York.Michael Nagle | Bloomberg | Getty ImagesMorgan Stanley is pushing further into its adoption of artificial intelligence with a…
Here’s what to know about buying life insurance
Shapecharge | E+ | Getty ImagesFewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected death, experts said.About half, or 52%, of consumers had a life…
Citigroup, JPMorgan Chase, Goldman hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams |…
Nearly $109M in Yotta customer deposits vanish
Tsingha25 | Istock | Getty ImagesLedgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved.A network of…
More states poised to offer Inflation Reduction Act energy rebates
New York Gov. Kathy Hochul.Lev Radin/Anadolu Agency via Getty ImagesNew York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to…
Fitch pushes back China rate cut as Fed holds interest rates steady
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | ReutersBEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this year,…
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganWarren Buffett's Berkshire Hathaway has scooped up more shares of Occidental…
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has…
Avoid concentration risk with this value play, ETF expert suggests
Investors worried about concentration risk in the market may want to consider value-oriented investments.Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index…
CleverCards, a configurable payments startup, raises $8.6 million
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial…